The pension regulator is concerned about the portfolio rebalancing needed to align investments with age-based risk profiles, while the pension fund industry is questioning the limited discretion managers will have in setting fund strategies and making investment decisions.
Multifund E selloff reignites debate over pension withdrawals
October 19, 2026 by
Public criticism of the performance of Chile’s AFPs is galvanizing lawmakers opposed to the country’s private pension system.
SP eases investment constraints under final target-date funds framework
September 8, 2026 by
After incorporating industry feedback, the Chilean regulator has broadened portfolio bands and tracking-error limits, giving AFPs greater flexibility in implementing target-date investment strategies.
The risk of renewed herding in Chile’s target-date funds
August 25, 2026 by
AFPs are calling for wider deviation bands and greater flexibility in the selection of benchmarks to ensure that performance incentives do not ultimately push managers toward overly similar investment strategies.
Mercer’s AltamarCAM deal draws attention in Chile pensions
June 22, 2026 by
The transaction would bring a leading private markets platform under Mercer’s umbrella at a time when the firm is playing a key role in the implementation of Chile’s pension reform.
ETF listings approved by the CCR reach 875 products
February 19, 2026 by
Asset managers are expanding their ETF footprint in anticipation of asset allocation shifts driven by Chile’s pension reform, positioning themselves for the transition to a target-date fund structure.
SP sets limits on indirect fees
February 4, 2026 by
In general terms, these management fees may not be charged when the investment vehicles offered have more than 10% of their assets invested in instruments that AFPs could invest in directly with relative ease.
Mercer’s experience with sovereign wealth funds wins over Pensions Superintendency
August 12, 2025 by
The consulting firm won the bidding process to develop the investment regime for the new target-date funds with their respective benchmark portfolios.
USD 383 billion in pension AUM undergo strategic shift amid reforms in Andean region
July 29, 2025 by
New regulatory frameworks are reshaping international allocations and long-term strategies, with implications for international asset managers targeting the Andean institutional market.
Target-date funds could favor alternative assets
October 22, 2024 by
The government's proposal on target-date funds has gained some consensus in the market and closely aligns with ideas presented by the AFP Association. It also has the potential to unlock greater long-term investment opportunities for pension managers.
